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You are the bookkeeper for Fastidious Fashions and on review of the business's records and reports you

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You are the bookkeeper for Fastidious Fashions and on review of the business's records and reports you realise that the trial balance does not balance. Your supervisor has asked you to investigate why this might have occurred. Explain with examples what type of errors would have caused the trial balance not to balance.
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The three common errors are single entry errors transposition errors and incorrect entries Example o...View the full answer


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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance

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